WGU C202 MANAGING HUMAN
CAPITAL ALL EXAM WITH
CORRECT ANSWERS 2025
Direct financial compensation ( correct answers )
compensation received in the form of salary, wages, commissions, stock
options or bonuses
indirect financial compensation ( correct answers )
all the tangible and financially valued rewards that are not included in
direct compensation including free meals, vacation time and health
insurance
nonfinancial compensation ( correct answers )
rewards and incentives given to employees that aren't financial in
nature
base pay ( correct answers ) reflects the size and scope of an
employee's responsibilities
severance pay ( correct answers ) give to employees upon
termination of their employment
fixed pay ( correct answers ) pays employees a set amount
regardless of performance
variable pay ( correct answers ) bases some or all of an employee's
compensation on employee, team, or organizational
pay structure ( correct answers ) the array of pay rates for different
work or skills within a single organization
pay mix ( correct answers ) the relative emphasis give to different
compensation components
pay leader ( correct answers ) organization with a compensation policy
of giving employees greater rewards than competitors
pay follower ( correct answers ) an organization that pays its front-line
employees as little as possible
resource dependence theory ( correct answers ) proposition that
organizational decisions are influenced by both internal and external
agents who control critical resources
GRADED
A+
,wage differentials ( correct answers ) differences in wage between various
workers, groups of workers, or workers within a career field
labor market ( correct answers ) all of the potential employees
located within a geographic area from which the organization might be
able to hire
cost of living allowances ( correct answers ) clauses in
union contacts that automatically increase wages base on the U.S. Bureau of
Labor Statistics' cost of living index
market pricing ( correct answers ) uses external sources of information
about how others are compensating a certain position to assign value to a
company's similar job
Compensation surveys( correct answers ) surveys of other organizations
conducted to learn what they are paying for specific jobs or job classes
benchmark jobs ( correct answers ) jobs that tend to exist across
departments and across diverse organizations allowing them to be used as
a basis for compensation comparisons
job evaluation ( correct answers ) a systematic process that uses expert
judgement to assess differences in value between jobs
ranking methos ( correct answers ) subjectively compares jobs to each
other based on their overall worth to the organization
job classification method ( correct answers ) subjectively
classifies jobs into an exiting hierarchy of grades and categories
point factor method ( correct answers ) uses a set
of compensable factors to determine a job's value. skill, resp, effort,
working cond.
compensable factor( correct answers ) any characteristic used to provide a
basis for judging a job's value
skills, responsibilities, effort, working conditions ( correct
answers ) Four categories of compensable
factors
Hay Group Guide Chart - Profile Method ( correct answers )
a point-factor system is used to
produce both a profile and a point score for each position.
know how
problem
solving
accountability
GRADED
working
A+
conditions
,Know-how, problem solving, accountability, working ( correct
conditions Hay Group Method based on four main answers )
factors
Position Analysis Questionnaire ( correct answers ) a
structured job evaluation questionnaire that is statistically analyzed to
calculate pay rates based on how the labor market is valuing worker
characteristics. a copyrighted, standardized, structured job analysis
questionnaire. 6 sections covering 187 job elements.
job pricing ( correct answers ) the generation of salary structures and
pay levels for each job based on the job evaluation data
single rate system, pay grades and broadbanding ( correct answers )
Three most common job pricing systems
pay grade (pay scale) ( correct answers ) the range of
possible pay for a group of jobs
broadbanding ( correct answers ) using very wide pay grades to
increase pay flexibility
internal equity ( correct answers ) when employees perceive their pay
to be fair relative to the pay of other jobs in the organization
employee equity ( correct answers ) the perceived fairness of the
relative pay between employees performing similar jobs for the same
organization
external equity ( correct answers ) when an organization's employees
believe that their pay is fair when compared to what other employers pay
their employees who perform similar jobs
comparable worth ( correct answers ) if two jobs have equal difficulty
requirements, the pay should be the same, regardless of who fills them
wage rate compression ( correct answers ) starting salaries for new hires
exceed the salaries paid to experienced employees
golden parachute ( correct answers ) lucrative benefits given to
executives in the event the company is taken over
Cost-of-living adjustments ( correct answers ) pay
increases to account for a higher cost of living in one country versus
another
Housing allowance ( correct answers ) payments to subsidize or cover
housing and related costs
GRADED
A+
, hardship premiums ( correct answers ) increased salary for living in an
area with a lower quality of life, less safety, etc.
tax equalization payments ( correct answers ) increased
salary to make up for higher taxes that reduce take-home pay and decrease
employee's purchasing power
inflation adjustments ( correct answers ) larger
and/or more frequent raises to maintain employee's purchasing power
in the face of inflation
Fair Labor Standards Act of 1938 ( correct answers ) a federal law
that sets standards for minimum wages, overtime pay, and equal pay
for men and women performing the same jobs
exempt employees ( correct answers ) employees who meet one of the
FLSA exemption tests, are paid on a fixed salary basis and are not entitled
to overtime pay
non-exempt employees ( correct answers ) employees who do not meet
any of one of the FLSA exemption tests and are paid on an hourly basis and
covered by wage and hour laws regarding minimum wage, overtime pay and
hours worked
workers' compensation ( correct answers ) a type of insurance that
replaces wages and medical benefits for employees injured on the job in
exchange for relinquishing the employee's right to sue the employer for
negligence
fixed rewards ( correct answers ) predetermined compensation (salary and
benefits)
variable rewards (incentives) ( correct answers ) "at risk" rewards which are
linked to factors determined as valuable, including performance, skills,
competence and contribution
- Preference
Recognize and reward high
of individual performers
employees
- Size
Increase the
of the likelihood
rewards for of achieving
high corporate goals
performance
- Method
Improveof productivity
motivating individual job performance
- -Objectivity
Move awayoffromthe an
evaluation process
entitlement that determines the
culture ( correct
( correct
rewards
answers
Before )
designing an incentive pay plan Top
to four reasons
motivate organizations
performance, it is )
answers
important to consider
give for tying the
pay to performance ar
- Company performance
- Reduced merit increases
- Reductions in head count
GRADED
A+
CAPITAL ALL EXAM WITH
CORRECT ANSWERS 2025
Direct financial compensation ( correct answers )
compensation received in the form of salary, wages, commissions, stock
options or bonuses
indirect financial compensation ( correct answers )
all the tangible and financially valued rewards that are not included in
direct compensation including free meals, vacation time and health
insurance
nonfinancial compensation ( correct answers )
rewards and incentives given to employees that aren't financial in
nature
base pay ( correct answers ) reflects the size and scope of an
employee's responsibilities
severance pay ( correct answers ) give to employees upon
termination of their employment
fixed pay ( correct answers ) pays employees a set amount
regardless of performance
variable pay ( correct answers ) bases some or all of an employee's
compensation on employee, team, or organizational
pay structure ( correct answers ) the array of pay rates for different
work or skills within a single organization
pay mix ( correct answers ) the relative emphasis give to different
compensation components
pay leader ( correct answers ) organization with a compensation policy
of giving employees greater rewards than competitors
pay follower ( correct answers ) an organization that pays its front-line
employees as little as possible
resource dependence theory ( correct answers ) proposition that
organizational decisions are influenced by both internal and external
agents who control critical resources
GRADED
A+
,wage differentials ( correct answers ) differences in wage between various
workers, groups of workers, or workers within a career field
labor market ( correct answers ) all of the potential employees
located within a geographic area from which the organization might be
able to hire
cost of living allowances ( correct answers ) clauses in
union contacts that automatically increase wages base on the U.S. Bureau of
Labor Statistics' cost of living index
market pricing ( correct answers ) uses external sources of information
about how others are compensating a certain position to assign value to a
company's similar job
Compensation surveys( correct answers ) surveys of other organizations
conducted to learn what they are paying for specific jobs or job classes
benchmark jobs ( correct answers ) jobs that tend to exist across
departments and across diverse organizations allowing them to be used as
a basis for compensation comparisons
job evaluation ( correct answers ) a systematic process that uses expert
judgement to assess differences in value between jobs
ranking methos ( correct answers ) subjectively compares jobs to each
other based on their overall worth to the organization
job classification method ( correct answers ) subjectively
classifies jobs into an exiting hierarchy of grades and categories
point factor method ( correct answers ) uses a set
of compensable factors to determine a job's value. skill, resp, effort,
working cond.
compensable factor( correct answers ) any characteristic used to provide a
basis for judging a job's value
skills, responsibilities, effort, working conditions ( correct
answers ) Four categories of compensable
factors
Hay Group Guide Chart - Profile Method ( correct answers )
a point-factor system is used to
produce both a profile and a point score for each position.
know how
problem
solving
accountability
GRADED
working
A+
conditions
,Know-how, problem solving, accountability, working ( correct
conditions Hay Group Method based on four main answers )
factors
Position Analysis Questionnaire ( correct answers ) a
structured job evaluation questionnaire that is statistically analyzed to
calculate pay rates based on how the labor market is valuing worker
characteristics. a copyrighted, standardized, structured job analysis
questionnaire. 6 sections covering 187 job elements.
job pricing ( correct answers ) the generation of salary structures and
pay levels for each job based on the job evaluation data
single rate system, pay grades and broadbanding ( correct answers )
Three most common job pricing systems
pay grade (pay scale) ( correct answers ) the range of
possible pay for a group of jobs
broadbanding ( correct answers ) using very wide pay grades to
increase pay flexibility
internal equity ( correct answers ) when employees perceive their pay
to be fair relative to the pay of other jobs in the organization
employee equity ( correct answers ) the perceived fairness of the
relative pay between employees performing similar jobs for the same
organization
external equity ( correct answers ) when an organization's employees
believe that their pay is fair when compared to what other employers pay
their employees who perform similar jobs
comparable worth ( correct answers ) if two jobs have equal difficulty
requirements, the pay should be the same, regardless of who fills them
wage rate compression ( correct answers ) starting salaries for new hires
exceed the salaries paid to experienced employees
golden parachute ( correct answers ) lucrative benefits given to
executives in the event the company is taken over
Cost-of-living adjustments ( correct answers ) pay
increases to account for a higher cost of living in one country versus
another
Housing allowance ( correct answers ) payments to subsidize or cover
housing and related costs
GRADED
A+
, hardship premiums ( correct answers ) increased salary for living in an
area with a lower quality of life, less safety, etc.
tax equalization payments ( correct answers ) increased
salary to make up for higher taxes that reduce take-home pay and decrease
employee's purchasing power
inflation adjustments ( correct answers ) larger
and/or more frequent raises to maintain employee's purchasing power
in the face of inflation
Fair Labor Standards Act of 1938 ( correct answers ) a federal law
that sets standards for minimum wages, overtime pay, and equal pay
for men and women performing the same jobs
exempt employees ( correct answers ) employees who meet one of the
FLSA exemption tests, are paid on a fixed salary basis and are not entitled
to overtime pay
non-exempt employees ( correct answers ) employees who do not meet
any of one of the FLSA exemption tests and are paid on an hourly basis and
covered by wage and hour laws regarding minimum wage, overtime pay and
hours worked
workers' compensation ( correct answers ) a type of insurance that
replaces wages and medical benefits for employees injured on the job in
exchange for relinquishing the employee's right to sue the employer for
negligence
fixed rewards ( correct answers ) predetermined compensation (salary and
benefits)
variable rewards (incentives) ( correct answers ) "at risk" rewards which are
linked to factors determined as valuable, including performance, skills,
competence and contribution
- Preference
Recognize and reward high
of individual performers
employees
- Size
Increase the
of the likelihood
rewards for of achieving
high corporate goals
performance
- Method
Improveof productivity
motivating individual job performance
- -Objectivity
Move awayoffromthe an
evaluation process
entitlement that determines the
culture ( correct
( correct
rewards
answers
Before )
designing an incentive pay plan Top
to four reasons
motivate organizations
performance, it is )
answers
important to consider
give for tying the
pay to performance ar
- Company performance
- Reduced merit increases
- Reductions in head count
GRADED
A+
